Ethereum Gradually Slides as It Approaches the $1,746 Low

Ethereum ETH) Current Statistics
The current price: $1,791.31
Market Capitalization: $215,413,583,003
Trading Volume: $8,734,000,575
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $1,700, $1,500, $1,000

Ethereum (ETH) Price Analysis November 3, 2023
Ethereum’s (ETH) price is falling as it approaches the $1,746 low. For instance, the barrier at $1,860 has stymied the uptrend. The biggest altcoin risks falling as it fails to break through the current resistance level.

At the time of writing, Ether has plummeted to a low of $1,799.50. If Ether retraces and finds support above the $1,746 breakthrough level, the market will resume its upward trend. The altcoin will advance and retest or break the $1,876 barrier level.

The price of Ether will reach a peak of $2,000 per coin if buyers are successful. Ether, on the other hand, may resume selling pressure if it retraces below the $1,746 breakthrough mark. The bearish trend will continue to the low of $1,630.00.

ETH Technical Indicators Reading
The price bars on the 4-hour chart have broken below the moving average lines. Prices may fall faster as a result of this. For the previous week, the moving average lines have been moving horizontally, indicating that the cryptocurrency has been going sideways.

Conclusion
Ethereum has renewed selling pressure as it approaches the $1,746 low. Following the outcome of the $1,746 breakout milestone, the largest altcoin will follow. Furthermore, Ether is trading in the market’s overbought zone.

You can purchase crypto coins here. Buy LBLOCK

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing